Nanny Question: What do I do – I didn’t get a W-2?
Every spring we receive inquiries from nannies who didn't get a W-2 from their employer. This is almost always when the nanny is no longer employed by the family. The following are some tips and steps to take. Form W-2 is due January 31. The IRS specifically asks that you allow the employer until February... Read more »State Overtime Rules Senior Care Companions
Today's retired seniors by an overwhelming 9:1 ratio fully expect to "age in place," staying in their private homes as long as they can and resisting moves to institutionalized settings. Increasingly these seniors private hire senior caregivers who help with mobility challenges, transportation and general household activities as a way to stay in their homes.... Read more »The Ultimate Nanny Tax Checklist for Household Employers in 2024
Congratulations! You are a household employer. Here's your ultimate nanny tax checklist. As a household employer, staying compliant with nanny tax rules is crucial in 2024 and beyond. When you become a household employer you also have payroll tax and reporting obligations, the so-called nanny taxes. The family, and not the nanny, is ultimately responsible... Read more »Understanding Senior Heath: When is Help Needed?
Senior health challenges afflict not only the aging, but an increasing number of adult children now caring for their parents. When is outside help needed to help your aging parent age in place? Monitoring an aging parent’s health Each year, projections for the average life expectancy of Americans trend up. There are differences by gender,… Read more »
Senior Caregiver Hiring: Employee or Independent Contractor
The IRS is increasing its focus on improperly classified domestic workers, including those hired as senior home care professionals. As an employer of a household employee, you must be aware of these changes for tax season. Misclassifying a household employee as an independent contractor can expose the household employer to multiple risks. An adult over... Read more »Hotline Set Up in New York to Help Nannies and Housekeepers File for Unpaid Overtime
Efforts by workers’ rights groups to educate about New York’s Domestic Workers Bill of Rights have resulted in a big uptick in unpaid overtime claims filed against household employers. Advocacy groups are actively canvassing New York City neighborhoods – in playgrounds and grocery stores and other places where nannies and other household employees are likely… Read more »
Nanny Tax Compliance: Why a Nanny Wants to be Paid Legally
In the “nanny world,” the temptation to accept a job that pays CASH (off the books, no payroll or income tax reporting) is faced by every nanny. After all, who LIKES to pay taxes? Professional nannies, however, understand nanny tax compliance and know that being paid legally is ultimately in their own best interest. Continue… Read more »
This is complicated…What are the risks if I ignore the Nanny Taxes?
Household employment taxes are complicated! Learn more about what the risk factors are for ignoring nanny taxes below. Risks When You Ignore the Nanny Taxes We know that lots of families skip the the nanny tax. If you are thinking of going in that direction, please be sure you consider the following: Tax Fraud (a… Read more »
7 Rules When Hiring Senior Home Care
When hiring senior home care you must approach this methodically and not skip important steps. 1. Job Description and Household Rules Your first step is to do a needs assessment. The more specifically you can identify your senior’s needs – physical, medical and emotional – the better equipped you will be to define senior home… Read more »
Family Resource: FAQs related to the Families First Coronavirus Response Act (FFCRA)
Family FAQs related to the Families First Coronavirus Response Act (FFCRA) Q: What Paid Sick Leave is required by FFCRA? A: FFCRA creates an emergency paid leave provision for the following reasons specifically related to the COVID-19 outbreak: An employer is REQUIRED to provide up to two weeks (80 hours maximum) of paid sick... Read more »
